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Santander Bank Partners with WTEC to Provide $345 Million Credit Facility for Growth.

PRIVATEOct 02, 2026

Amount Raised

$345 Million

Round Type

Debt Financing

New JerseyManufacturingEnergyRenewable EnergySolar

Description

Santander Bank has closed a $345 million asset-based revolving credit facility for WTEC, aimed at enhancing the company's working capital for growth. This partnership emphasizes Santander's commitment to supporting WTEC in expanding across various sectors including renewable energy and data infrastructure.

Company Information

Company

WTEC

Location

New Jersey, United States

About

WTEC is a manufacturer based in New Jersey focusing on renewable energy, grid modernization, and data center infrastructure. The company aims to innovate and expand its services in response to growing market demands. They prioritize investment in customer service and technological advancements.

Fundz sees it the moment WTEC raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Predictive Intelligence
Strategic

ML-powered predictions for WTEC's next move

See what Strategic adds

WTEC raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.